The Property is situated within the low-density, tranquil mountainous area of the prestigious Beacon Hill residential neighbourhood in Kowloon Tong, offering a high level of privacy and serenity. The site commands expansive views overlooking the Kowloon Tong cityscape. It is merely a 5-minute drive to the Kowloon Tong MTR station and the Festival Walk shopping mall, providing comprehensive amenities and convenient transportation[1]. Furthermore, the Property is in close proximity to numerous renowned universities, international schools, and prestigious local schools, making it a highly desirable location for its excellent educational network.
Mr. Raymond Wan, Chief Senior Director, Investment of Savills, stated, “In the past decade, new development projects in the Kowloon Tong area have been limited. If the Government lease of the Property is modified and the land premium is settled, the Property could probably expand its gross floor area[2]. This is expected to introduce a brand-new, high-quality residential project to the market. Given Kowloon Tong’s long-standing reputation as an upscale residential district, the completion of this new development is likely to attract both end-users and investors, making it a highly sought-after residential option in the area.”